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Announcement: FMA imposes sanction against Compass Gruppe GmbH for a breach against the Stock Exchange Act 2018 (BörseG 2018)

Release Date: |

The Austrian Financial Market Authority (FMA) hereby announces that it has imposed a fine of EUR 70,000 against Compass Gruppe GmbH as a legal person for the delayed notification about its exceeding the 4% threshold for holdings in relation to shares of an issuer. The undertaking omitted to notify the exceeding of the participation threshold in a timely manner to the FMA, the exchange operating company as well as the issuer (CLEEN Energy AG). The penal order is not final.

Update 01.12.2021:

Compass Gruppe GmbH has submitted an appeal against the FMA’s penal order to the Federal Administrative Count (BVwG; Bundesverwaltungsgericht).

Update 01.03.2023:

The Federal Administrative Court confirmed the FMA’s penal order dated 13.10.2021. The orderly final right of appeal was declared not to be permissible. The penal order is legally final.